China Smashes Japanese Cars, and Buys Them

There likely won't be any quick resolution in the dispute between China and Japan for control of an obscure group of islands. But there's already one clear loser: the Japanese car industry.

Thousands of Chinese protesters marching on the Japanese Embassy in Beijing over the weekend, burning flags and smashing cars, signals the strength of anti-Japanese feeling among young Chinese. The proximate cause is a dispute over control of the Senkaku Islands, controlled by Japan and claimed by China, which call them the Diaoyu...